Convergys Corp Stock Rating Reaffirmed by Citigroup Inc. (CVG)
Convergys Corp (NYSE:CVG)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Wednesday. They currently have a $21.00 price objective on the stock, down from their previous price objective of $23.00. Citigroup Inc.’s target price suggests a potential upside of 15.07% from the company’s current price.
Separately, analysts at Macquarie raised their price target on shares of Convergys Corp from $20.00 to $25.00 in a research note on Thursday, May 15th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.00.
Shares of Convergys Corp (NYSE:CVG) traded up 0.48% during mid-day trading on Wednesday, hitting $18.69. The stock had a trading volume of 177,088 shares. Convergys Corp has a one year low of $17.16 and a one year high of $24.43. The stock has a 50-day moving average of $20.39 and a 200-day moving average of $20.99. The company has a market cap of $1.893 billion and a P/E ratio of 39.08.
Convergys Corp (NYSE:CVG) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $736.00 million for the quarter, compared to the consensus estimate of $732.69 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. Analysts expect that Convergys Corp will post $1.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 19th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, September 17th.
Convergys Corporation (NYSE:CVG) is engaged in customer management.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.